Area Assistance Act of 1956: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-fourth Congress, Second Session, on H. R. 8555 ...U.S. Government Printing Office, 1956 - 392 pages |
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Page 4
... particular project and shall , among others , be on the following conditions- ( A ) That other funds are available in an amount which , together with the assistance provided hereunder , shall be sufficient to pay such aggregate cost ...
... particular project and shall , among others , be on the following conditions- ( A ) That other funds are available in an amount which , together with the assistance provided hereunder , shall be sufficient to pay such aggregate cost ...
Page 10
... particular areas with public works and tax abatements . Unless public works are needed to create useful assets in the area , however , they are of a made - work variety and are really tax abatements in reverse . It would be cheaper and ...
... particular areas with public works and tax abatements . Unless public works are needed to create useful assets in the area , however , they are of a made - work variety and are really tax abatements in reverse . It would be cheaper and ...
Page 16
... particular area but affects the whole State ? Mr. MUELLER . That is correct , sir . The CHAIRMAN . How can you say , as is declared in the bill , that while the Nation as a whole is enjoying great prosperity there are large areas that ...
... particular area but affects the whole State ? Mr. MUELLER . That is correct , sir . The CHAIRMAN . How can you say , as is declared in the bill , that while the Nation as a whole is enjoying great prosperity there are large areas that ...
Page 19
... Mr. MUELLER . Yes , sir , whether it is furnished as a first mortgage or furnished on a loan basis other than a mortgage loan is inconse- quential , but that particular amount would be , let's AREA ASSISTANCE ACT OF 1956 19.
... Mr. MUELLER . Yes , sir , whether it is furnished as a first mortgage or furnished on a loan basis other than a mortgage loan is inconse- quential , but that particular amount would be , let's AREA ASSISTANCE ACT OF 1956 19.
Page 20
... particular amount would be , let's say , ahead of the Government loan , unless it was all equity capital . The CHAIRMAN . What assurance have you that the local agencies would furnish the money ? They are lending for profit and they are ...
... particular amount would be , let's say , ahead of the Government loan , unless it was all equity capital . The CHAIRMAN . What assurance have you that the local agencies would furnish the money ? They are lending for profit and they are ...
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Common terms and phrases
15 percent administration bill AFL-CIO agency anthracite Area Development areas of substantial authorized BARKIN BATT BETTS Big Muddy River BROWN CHAIRMAN chronic committee communities Congress Department of Commerce depressed areas distressed areas Douglas bill economic expanding facilities farm Federal assistance Federal Government FERNBACH fluorspar funds going Gray bill Hardin County HENLE Housing HUGHES industrial development KENNEDY Kentucky labor areas labor force labor market areas labor surplus areas LARSON legislation loans ment million MUELLER MULTER MUMMA O'HARA Ohio operation PATMAN persistent unemployment planning plant problem proposed question rehabilitation Scranton Secretary of Labor SHOEMAKER Small Business Small Business Administration southern Illinois statement STEINER substantial and persistent technical assistance textile industry thing tion unem unemployed urban renewal VANIK West Frankfort West Virginia Wilkes-Barre workers
Popular passages
Page 97 - ... of such sound value or so secured as reasonably to assure retirement or repayment...
Page 6 - Act; (7) in addition to any powers, functions, privileges, and immunities otherwise vested in him, take any and all actions, including the procurement of the services of attorneys by contract, determined by him to be necessary or desirable in making, servicing, compromising, modifying, liquidating, or otherwise dealing with or realizing on loans made under the provisions of this Act; but no attorneys...
Page 4 - Director shall pay into miscellaneous receipts of the Treasury, at the close of each fiscal year, interest on the...
Page 178 - ... to coordinate and utilize all its plans, functions, and resources, for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful employment opportunities including self-employment, for those able, willing and seeking to work...
Page 5 - Administrator or his property ; (2) under regulations prescribed by him, assign or sell at public or private sale, or otherwise dispose of for cash or credit, in his discretion and upon such terms and conditions and for such consideration as the Administrator shall determine to be reasonable...
Page 5 - ... and to collect or compromise all obligations assigned to or held by him and all legal or equitable rights accruing to him in connection with the payment of such loans until such time as such obligations may be referred to the Attorney General for suit or collection...
Page 6 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining...
Page 4 - ... (3) the amount of the loan plus the amount of other available funds for such project are adequate to insure the completion thereof ; (4) there is a reasonable expectation of repayment ; and (5) such area has an approved economic development program as provided in section 6(b)(10) and the project for which financial assistance is sought is consistent with such program.
Page 2 - That any disposition of such land to such public agency or corporation under this section shall be made at not less than its fair value for uses in accordance with the urban renewal plan...
Page 5 - Administrator shall determine to be reasonable, any evidence of debt, contract, claim, personal property, or security assigned to or held by him in connection with the payment of...